Phelps Endorsements
American swimmer Michael Phelps won eight gold medals at the 2008 Summer Olympics. Phelps' remarkable accomplishments at the Beijing Games could lead to very lucrative endorsement deals with a variety of advertising sponsors. Reports say Phelps could be in line for endorsement deals of up to $50 million a year.1
Fast Facts
- Michael Phelps could reportedly receive endorsement deals of up to $50 million a year after his wins at the 2008 Summer Olympics1
- Prior to the 2008 Summer Olympics, Phelps had $5 million in endorsements1
- Companies who have already endorsed Phelps include Visa and Speedo1
- Phelps got a $1 million bonus from Speedo prior to the 2008 Olympics1
- Phelps planned appearances for Omega and Hilton Hotels during the remainder of his time in Beijing, China2
Quotes
"Phelps will reap the biggest financial reward from water since Jaws."— Howard Freeman, president of Promo 1 marketing company3
"If he's handled properly over the next four years, he should generate in excess of $40 million."—Marc Ganis, president of Sportscorp Ltd.3
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